Franklin Resources Management

Management criteria checks 3/4

Franklin Resources' CEO is Jenny Johnson, appointed in Dec 2016, has a tenure of 7.33 years. total yearly compensation is $15.69M, comprised of 4.8% salary and 95.2% bonuses, including company stock and options. directly owns 0.99% of the company’s shares, worth €123.72M. The average tenure of the management team and the board of directors is 3.3 years and 6.6 years respectively.

Key information

Jenny Johnson

Chief executive officer

US$15.7m

Total compensation

CEO salary percentage	4.8%
CEO tenure	7.3yrs
CEO ownership	1.0%
Management average tenure	3.3yrs
Board average tenure	6.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jenny Johnson's remuneration changed compared to Franklin Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$929m
Sep 30 2023	US$16m	US$750k	US$845m
Jun 30 2023	n/a	n/a	US$785m
Mar 31 2023	n/a	n/a	US$812m
Dec 31 2022	n/a	n/a	US$962m
Sep 30 2022	US$16m	US$753k	US$1b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	n/a	n/a	US$2b
Sep 30 2021	US$10m	US$753k	US$2b
Jun 30 2021	n/a	n/a	US$1b
Mar 31 2021	n/a	n/a	US$1b
Dec 31 2020	n/a	n/a	US$768m
Sep 30 2020	US$9m	US$630k	US$784m
Jun 30 2020	n/a	n/a	US$1b
Mar 31 2020	n/a	n/a	US$971m
Dec 31 2019	n/a	n/a	US$1b
Sep 30 2019	US$8m	US$602k	US$1b
Jun 30 2019	n/a	n/a	US$1b
Mar 31 2019	n/a	n/a	US$2b
Dec 31 2018	n/a	n/a	US$2b
Sep 30 2018	US$8m	US$600k	US$747m
Jun 30 2018	n/a	n/a	US$668m
Mar 31 2018	n/a	n/a	US$676m
Dec 31 2017	n/a	n/a	US$663m
Sep 30 2017	US$6m	US$600k	US$2b

Compensation vs Market: Jenny's total compensation ($USD15.69M) is above average for companies of similar size in the German market ($USD5.57M).

Compensation vs Earnings: Jenny's compensation has been consistent with company performance over the past year.

CEO

Jenny Johnson (59 yo)

7.3yrs

Tenure

US$15,694,227

Compensation

Ms. Jennifer M. Johnson, also known as Jenny, serves as Independent Director at Thermo Fisher Scientific Inc. since July 13, 2023. She serves as the Chief Executive Officer, President of Thermo Fisher Scie...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gregory Johnson	Executive Chairman of the Board	17.3yrs	US$3.22m	1.02% $ 126.9m
Jennifer Johnson	President	7.3yrs	US$15.69m	0.99% $ 123.7m
Rupert Johnson	Vice Chairman	53.3yrs	no data	19.79% $ 2.5b
Matthew Nicholls	Executive VP	4.9yrs	US$9.64m	0.031% $ 3.9m
Adam Spector	Executive VP & Head of Global Distribution	3.5yrs	US$7.18m	0.036% $ 4.4m
Terrence Murphy	Executive VP & Head of Public Markets	3.2yrs	US$16.09m	0.0014% $ 176.7k
Avinash Satwalekar	President of India	no data	no data	no data
Lindsey Oshita	Senior VP & Chief Accounting Officer	less than a year	no data	0.0012% $ 151.8k
Selene Oh	Head of Investor Relations	no data	no data	no data
Thomas Merchant	Executive VP	2.8yrs	no data	0.0031% $ 379.5k
Lisa Gallegos	Senior Vice President of Corporate Communications	no data	no data	no data
Adele Taylor	Senior VP and Lead of Corporate Strategy & Corporate Development	2.4yrs	no data	no data

3.3yrs

Average Tenure

55yo

Average Age

Experienced Management: FRK's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gregory Johnson	Executive Chairman of the Board	17.3yrs	US$3.22m	1.02% $ 126.9m
Jennifer Johnson	President	4.2yrs	US$15.69m	0.99% $ 123.7m
Rupert Johnson	Vice Chairman	53.3yrs	no data	19.79% $ 2.5b
Geoffrey Yang	Independent Director	13.1yrs	US$304.00k	0.011% $ 1.3m
Mariann Byerwalter	Independent Lead Director	9.1yrs	US$317.00k	0.0034% $ 420.6k
Samuel Ginn	Trustee of the Trust	17.3yrs	no data	no data
John Kim	Independent Director	3.2yrs	US$289.00k	no data
Seth Waugh	Independent Director	9.1yrs	US$292.00k	0.00046% $ 57.2k
Anthony Noto	Independent Director	4.2yrs	US$292.00k	0.0057% $ 713.0k
Alexander Friedman	Independent Director	3.2yrs	US$317.00k	no data
John Thiel	Independent Director	3.2yrs	US$292.00k	0.0045% $ 563.7k
Karen King	Independent Director	2.8yrs	US$292.00k	no data

6.6yrs

Average Tenure

62yo

Average Age

Experienced Board: FRK's board of directors are considered experienced (6.6 years average tenure).

Franklin Resources Management

Management criteria checks 3/4

Key information

Recent management updates

Franklin Resources, Inc. Announces Executive Changes

Franklin Resources, Inc., Annual General Meeting, Feb 06, 2024

Franklin Templeton Veteran Andrew Ashton Appointed as Chairman of Franklin Templeton Canada

Franklin Resources, Inc. Announces the Appointment of Leeor P. Avigdor as Senior Vice President, Global Treasurer and Head of M&A

Insider recently sold €840k worth of stock

Franklin Resources, Inc., Annual General Meeting, Feb 07, 2023

Recent updates

Franklin Resources, Inc. to Report Q2, 2024 Results on Apr 29, 2024

Eaglebrook Advisors Introduces Managed Bitcoin and Ethereum Separately Managed Account Strategy in Partnership with Franklin Templeton

Upcoming dividend of US$0.31 per share

First quarter dividend of US$0.31 announced

Franklin Resources, Inc. Announces Executive Changes

Franklin Resources, Inc. Announces Quarterly Dividend, Payable on April 12, 2024

First quarter 2024 earnings released: EPS: US$0.52 (vs US$0.32 in 1Q 2023)

Franklin Templeton Launches Franklin Bitcoin ETF

Franklin Resources, Inc. to Report Q1, 2024 Results on Jan 29, 2024

Franklin Resources, Inc., Annual General Meeting, Feb 06, 2024

Upcoming dividend of US$0.31 per share at 4.2% yield

Burtech Acquisition Corp. (NasdaqGM:BRKH) entered into a definitive agreement to acquire Blaize, Inc. from a group of shareholders.

Franklin Resources, Inc. Announces Quarterly Cash Dividend, Payable on January 12, 2024

Franklin Templeton Veteran Andrew Ashton Appointed as Chairman of Franklin Templeton Canada

Full year 2023 earnings released: EPS: US$1.80 (vs US$2.53 in FY 2022)

Franklin Resources, Inc. to Report Q4, 2023 Results on Oct 31, 2023

Upcoming dividend of US$0.30 per share at 4.6% yield

Franklin Resources, Inc. Announces Quarterly Cash Dividend, Payable on October 13, 2023

Third quarter 2023 earnings released: EPS: US$0.46 (vs US$0.50 in 3Q 2022)

Franklin Resources, Inc. to Report Q3, 2023 Results on Jul 28, 2023

Franklin Resources, Inc.(NYSE:BEN) dropped from Russell 1000 Value-Defensive Index

Upcoming dividend of US$0.30 per share at 4.6% yield

Franklin Resources, Inc. Announces Quarterly Cash Dividend, Payable on July 14, 2023

Franklin Resources, Inc. (NYSE:BEN) entered into a definitive agreement to acquire Putnam LLC from Great-West Lifeco Inc. (TSX:GWO) for $1.3 billion.

Second quarter 2023 earnings released: EPS: US$0.38 (vs US$0.68 in 2Q 2022)

Upcoming dividend of US$0.30 per share at 4.6% yield

Franklin Resources, Inc. Announces the Appointment of Leeor P. Avigdor as Senior Vice President, Global Treasurer and Head of M&A

Franklin Resources, Inc. Announces Quarterly Dividend, Payable on April 14, 2023

Now 20% undervalued

Insider recently sold €840k worth of stock

First quarter 2023 earnings released: EPS: US$0.32 (vs US$0.89 in 1Q 2022)

Franklin Templeton Announces Plans to Convert Franklin Focused Growth Mutual Fund to an ETF

Franklin Resources, Inc. to Report Q1, 2023 Results on Jan 30, 2023

Franklin Resources, Inc., Annual General Meeting, Feb 07, 2023

Upcoming dividend of US$0.30 per share

Franklin Resources, Inc. Announces Quarterly Dividend, Payable on January 13, 2023

Leonardo DRS, Inc. completed the acquisition of RADA Electronic Industries Ltd. (NasdaqCM:RADA) from Franklin Resources, Inc. (NYSE:BEN), The Phoenix Holdings Ltd. (TASE:PHOE), Wellington Group Holdings Llp and others in a reverse merger transaction.

Full year 2022 earnings released: EPS: US$2.53 (vs US$3.58 in FY 2021)

High number of new directors

Full year 2022 earnings released: EPS: US$2.64 (vs US$3.58 in FY 2021)

Vista Equity Partners Management, LLC completed the acquisition of Avalara, Inc. (NYSE:AVLR) from BlackRock, Inc. (NYSE:BLK), Franklin Resources, Inc. (NYSE:BEN), The Vanguard Group, Inc., Wellington Management Group LLP and others.

Franklin Resources, Inc. to Report Q4, 2022 Results on Nov 01, 2022

Upcoming dividend of US$0.29 per share

Franklin Templeton Canada Launches Global Balanced Fund Utilizing New Investment Capabilities in Sustainable Global Equity and Fixed Income

Franklin Templeton Introduces Digital Asset SMA Models on Eaglebrook Advisors' Platform

Franklin Templeton Introduces Digital Asset SMA Models on Eaglebrook Advisors' Platform

Franklin Templeton Appoints Jamie Gordon as Senior Vice President, Senior Consultant Advisor, US Institutional

Franklin Resources, Inc. Announces Quarterly Dividend, Payable on October 14, 2022

Insider recently sold €542k worth of stock

Franklin Templeton Names Yu Qing as Its China Head

Third quarter 2022 earnings released: EPS: US$0.53 (vs US$0.86 in 3Q 2021)

Franklin Resources, Inc. to Report Q3, 2022 Results on Jul 28, 2022

Franklin Templeton Appoints John Ivanac as Senior Vice President and Consultant Adviser, US Institutional Services

Upcoming dividend of US$0.29 per share

Leonardo DRS, Inc. entered into a definitive agreement to acquire RADA Electronic Industries Ltd. (NasdaqCM:RADA).

Franklin Resources, Inc. Announces Quarterly Cash Dividend, Payable on July 15, 2022

Second quarter 2022 earnings released: EPS: US$0.68 (vs US$0.74 in 2Q 2021)

High number of new directors

Franklin Resources, Inc. Appoints Sandy Kaul as Senior Vice President

Franklin Resources, Inc. to Report Q2, 2022 Results on May 03, 2022

Franklin Resources, Inc Appoints Matthew Nicholls as Chief Operating Officer

Upcoming dividend of US$0.29 per share

Franklin Resources, Inc. Announces Quarterly Dividend, Payable on April 14, 2022

Franklin Universal Trust Announces Monthly Distribution from Net Investment Income, Payable on February 28, 2022

First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Franklin Resources, Inc. (NYSE:BEN) acquired O'Shaughnessy Asset Management, LLC.

Upcoming dividend of US$0.29 per share

Chief Accounting Officer recently sold €316k worth of stock

Insider recently sold €674k worth of stock